(U.S.) Exorbitant Privilege: Crumbling or Still Strong?

Yeah, yelling dictator and traitor isn’t a mature argument. Where’s the substance? Where’s the recognition that…after hundreds of thousands of people have died, and hundreds of billions of taxpayer funds squandered…it may be time to think critically about the issue. NATO and the US have started far more wars than Russia in the recent past… yet we act shocked that Russia feels threatened when we put military assets in and around Ukraine? To end a conflict one must recognize the perspective of both sides - you don’t have to agree with it, but some compromise is necessary if you want to end the suffering. Many Democrats simply want endless war. They are now the party of war.

 

so you're in favor of making Bitcoin a fiat currency?

yet you can't name one such 3rd world country

last i check, Japan / China / EU / Korea / Brazil / Canada are not 3rd world countries

 

It was a modest proposal... Not sure how X is different than millennials at this point.

 

I actually kinda agree. It seems <1970 Gen X relate to boomers and >1970 relate to Millennials. I believe Gen X being divided has to do with the information age.

 

Lmao its a shame those tax cuts wont cut the deficit then huh

 

?? Nobody is trying to cut the deficit.

We need debt-to-GDP sub 100.
If the country is going to spend money, it needs to be in the most efficient way possible, not propping up political parties

 

I wonder how spending 200 million for propping up Trump in Thank You on immigration political ads around the globe is efficiency well paid.

 

LMAO and you think DOGE is doing that? Please show me your sources, I can debunk literally any "research" telling you that what they are doing is good for the country.

Show me any evidence that a recession needed to happen as well since thats one of your talking points.

I'll wait, you wont do it because you cant. You want to stay in your bubble.

 

it's deja vu all over again,

there was plenty of talk of loss of faith in the US Govt

• in the midst of the Viet Nam quagmire, from mid-'60s to early '70s
• when the Watergate embarrassment was being played out in public---w Nixon resigning the presidency---for the whole world to see
• During the W years
  • Invading Iraq under false pretenses
  • Abu Ghraib torture and prisoner abuse​
  • bankrutcy of the US financial system

somehow the US has managed to prevail above these short-lived "loss of faith"

• USD still the de facto global reserve
  • as such, US central bank is the only one that can execute a full-scale QE
    • while others, due to the lack of liquidity, can only do a piecemeal / incomplete version
      • eg include Japan, UK, China and others

 

Seize all assets of anyone worth over 10 billion dollars and make it public assets that can be used towards the debt.

Problem solved.

 

the ill-conceived tarffs by Trump/Navarro has severely damaged this priviledge, the likes of which has never been seen since
the US dollar had supplanted teh British Sterling as the Global Reserve currency.

As Trump unleashes an all-out assault on global trade, their status (US treasuries) as the world’s safe haven is increasingly coming into question.
They are trading, a little like a risky asset themselves, like the debt of an emerging-market country.